Properties listed in Townhome

Michel Commercial is pleased to present Jordan Valley Townhomes, a 44 townhome affordable community in Jordan, MN. These well-maintained homes feature spacious layouts, in home laundry, private entries, and attached double garages— offering residents comfort and convenience. Affordability Structure: All 44 townhomes (100%) are designated for residents earning up to 60% of the Area Median Income (AMI) until the Land Use Restriction Agreement (LURA) expires in 2038. Attractive Investment Opportunity: Jordan Valley Townhomes presents a stable investment opportunity with a history of strong occupancy in a high-demand submarket. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction to 0.25% (effective January 1, 2025) enhances its long-term value, making it a compelling addition to any investment portfolio.

Michel Commercial is pleased to present the Lofts of Sandcreek, a 41-townhome community in Coon Rapids, MN. This property has a strong occupancy history and benefits from recent capital improvements, including updated siding and parking lot enhancements. The desirable unit mix of one- and two-bedroom homes offers residents sought-after amenities such as in-unit laundry, private patios, private entries, and garage parking. The Lofts of Sandcreek is located in Coon Rapids, known for its blend of suburban comfort and natural beauty with easy access to major highway and amenities. The city is well-connected via Highways 10 and 47, as well as Interstate 35W, providing seamless travel to the Twin Cities and beyond. Coon Rapids boasts an extensive park system, including Bunker Hills Regional Park, a sprawling area with trails, a water park, a golf course, and spaces for camping and picnicking. The Mississippi River also flows through the city, offering scenic views. This opportunity offers a clear path to NOI improvement, providing investors with the opportunity to capitalize on a well performing asset with significant upside potential.

Michel Commercial is pleased to present the North Pointe Townhomes, an 18-townhome, mostly affordable community located in Blaine, MN. These well-maintained townhomes have many recent capital improvements and feature open, spacious layouts, in-home laundry, and attached garages. Affordability Structure The property includes the following components: • Market-Rate: 3 Townhomes • Project Based Vouchers (HAP): 4 Townhomes • HOME HUD (80% AMI): 2 Townhomes • Section 42 LIHTC (60% AMI): 9 Townhomes All affordability designations will remain in effect until the expiration of the Land Use Restriction Agreement (LURA) on March 17, 2033. Prime Location and Lifestyle North Pointe provides easy access to major roadways, offering convenient travel throughout the Twin Cities. The community is close to Blaine’s premier attractions, including: The National Sports Center, TPC Twin Cities golf course, and Bunker Hills Regional Park. Residents benefit from a blend of urban convenience and suburban charm, complemented by excellent schools within the highly regarded Anoka-Hennepin School District, known for its strong academics and extracurricular opportunities. Attractive Investment Opportunity North Pointe Townhomes presents a stable and attractive investment opportunity, boasting a history of strong occupancy and a high-demand location.

Michel Commercial is pleased to present the Lakeville Court Apartments & Townhomes, a 52-home affordable community located in Lakeville, MN. These well-maintained townhomes feature open layouts, in-home laundry, private entries, attached garages and $2.5MM of capital improvements in 2011 (including new roofs, new windows, new siding, new HVAC and new boilers). Affordability Structure All 52 homes (100%) are designated to serve residents earning up to 60% of the Area Median Income (AMI) until the expiration of the Land Use Restriction Agreement (LURA) on January 17, 2026. Prime Location and Lifestyle Lakeville Court Apartments & Townhomes offers residents the perfect blend of urban convenience and suburban charm. Ideally located in Lakeville, MN, the community provides easy access to major employers like Post Consumer Brands, Hearth & Home Technologies, and BTD Manufacturing. Nearby conveniences include shopping at Cub Foods and Target, local dining options, and top-rated schools in the Lakeville Area School District, such as Cherry View Elementary and Lakeville South High School. Outdoor enthusiasts can enjoy Ritter Farm Park, Lake Marion, and Casperson Park, while the nearby I-35 ensures seamless transportation to the Twin Cities for work, education, and recreation. Attractive Investment Opportunity Lakeville Court Apartments & Townhomes presents a stable and appealing investment opportunity, supported by a history of strong occupancy and its high-demand location. In addition, the upcoming expiration of the affordable agreement further enhances the property’s appeal.

Michel Commercial is pleased to present the Morningside Townhomes, a 32-home affordable community located in St. Joseph, MN. These well-maintained townhomes feature open, spacious layouts, in-home laundry, private entries, and attached garages. Affordability Structure All 32 homes (100%) are designated for residents earning up to 60% of the Area Median Income (AMI) until the expiration of the Land Use Restriction Agreement (LURA) on July 3, 2036. Prime Location and Lifestyle Located in St. Joseph, MN–a charming town in Stearns County–the Morningside Townhomes offer the perfect blend of small-town charm and urban convenience. Part of the St. Cloud metropolitan area and just 75 miles northwest of the Twin Cities, St. Joseph is easily accessible via Interstate 94. The area is renowned for its picturesque setting, surrounded by rolling hills, lush farmland, and scenic lakes. St. Joseph is also home to the College of Saint Benedict and Saint John’s University, respected liberal arts institutions that contributes to the town’s vibrant and welcoming community. Attractive Investment Opportunity The Morningside Townhomes present a stable and appealing investment opportunity, supported by a history of strong occupancy. Additionally, the Low-Income Rental Classification (LIRC) tax rate reduction to 0.25%, effective January 1, 2025, further enhances its attractiveness as a valuable addition to any investment portfolio.